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CERTIFICATE OF DEPOSIT

A financial product commonly offered to consumers by banks.

Such CDs are similar to savings accounts in that they are guaranteed by the issuing bank, thus practically risk free.

Benefits

  • Attractive high yield due to closed-ended term investment.
  • Fixed term and fixed interest rate.
  • Intended to be held until maturity, the CD funds will be withdrawn together with the accrued interest.

 

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